Overview of housing prices in Cambodia
Cambodia is a developing country in Southeast Asia. In recent years, its economy has developed rapidly, and the real estate market has also flourished. The latest data shows that Cambodia's housing prices have been increasing year by year in the past few years, especially in the capital Phnom Penh, showing a high-speed growth trend.
Trend of housing prices in Phnom Penh
Phnom Penh is the political, economic and cultural center of Cambodia and the core area of the country's real estate market. In recent years, with the influx of foreign capital and the continuous development of domestic economy, the housing price in Phnom Penh has been increasing year by year. According to statistics, the housing price in Phnom Penh increased by more than 20% in 20 19, but during the epidemic in 2020, the housing price in Phnom Penh still maintained a relatively stable growth trend.
Current situation of Cambodia's housing price market
At present, Cambodia's real estate market is mainly composed of cities such as Phnom Penh, Siem Reap and Sihanoukville. Among them, Phnom Penh is the main driving force of the real estate market, Siem Reap is dominated by tourism real estate, and Sihanoukville is dominated by seaside holiday real estate. The relationship between supply and demand in the whole market is relatively balanced, and house prices are relatively stable.
How to buy real estate in Cambodia
If you want to buy a property in Cambodia, you can follow the following steps:
1. Find a reliable real estate agent or broker to understand market conditions and real estate information.
2. Determine the purchase budget and demand, and choose the appropriate property type and location.
3. Negotiate with real estate owners or developers to determine the real estate price and purchase method.
4. Sign the house purchase contract and pay the down payment and deposit.
5. Go through the formalities of real estate transfer and pay relevant taxes and fees.